John Jr Mccaw

Sports owner and onetime cellular phone tycoon John McCaw Jr. became the latest multimillionaire to buy a toehold in Hollywood, forming a company to make films with Grammy-winning music producers Glen Ballard and David Foster. The first project of Intrepid Entertainment is the independent film "Clubland," based on a script Ballard wrote about musicians, the company said Thursday, adding that the movie is fully financed.

Sports owner and onetime cellular phone tycoon John McCaw Jr. became the latest multimillionaire to buy a toehold in Hollywood, forming a company to make films with Grammy-winning music producers Glen Ballard and David Foster. The first project of Intrepid Entertainment is the independent film "Clubland," based on a script Ballard wrote about musicians, the company said Thursday, adding that the movie is fully financed.